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Industry Update

Jul 03, 2020

At least 43 teachers of government primary schools in Agra and Kannauj have been booked for allegedly using fake B.Ed degrees to secure jobs.

The teachers – 24 in Agra and 19 in Kannauj – have been in the government job for nearly a decade and were dismissed from the service in March before the nationwide lockdown was announced. The government also plans to recover money which was paid to them as salaries for the past decade.

The government’s action came after an SIT report of UP Police investigating the 2004-05 B.Ed degree scam at Agra’s Dr Bhimrao Ambedkar University (BAU).

The SIT, which submitted its report last December, found that 4,766 students received fake B.Ed mark sheets from the university. The report stated that while mark sheets of 1,084 students were tampered with, 45 students had duplicate roll numbers and roll numbers of another 3,637 people did not match with the university record.

Read Also:- The Importance of Education Verification to Mitigate the Risk of Wrong Hiring

“The SIT had earlier found them guilty after which they were dismissed from their jobs. Investigation has begun and soon action will be taken,” said Satendra Singh, Station House Officer of Shahganj police station in Agra where the FIR has been filed on a complaint of the local Basic Shiksha Adhikari.

The 24 teachers in Agra have been booked for cheating (IPC section 420), forgery (IPC section 468) among others. In Kannauj, the FIRs against 19 people have been lodged at seven different police stations of Kannauj.

Source: IndianExpress

Jul 03, 2020

The Uttar Pradesh government has handed over the investigation of fake appointments of thousands of teachers in UP Basic Education Council schools, working on the same PAN number, to Special Task Force.

Further, more than 100 such cases have also come up in which the salary of two teachers was going to the same bank account.

Basic Education Department wrote a letter to the Home Department to investigate the matter. Home department handed over investigation to STF on the instruction of Chief Minister Yogi Adityanath.

“We investigated the people who were doing jobs on fake IDs. People have used the PAN number of the person who’s ID they were using for the Job. Original person received a notice from Income tax department that access money was being transferred into his account. When this matter came forward, other people who were working in this way changed their PAN numbers,” Amitabh Yash, Inspector General of Police, STF said.

“So we have asked for the list of people who have changed their PAN numbers. There is a possibility that some of the PAN numbers have errors and people must have rectified them but these numbers should be less. It is possible that PAN number have been changed by the people who were doing jobs on fake IDs. These numbers are in thousands,” added Yash.

The move was taken after Anamika Shukla case came to light which pertains to the appointment of teachers allegedly using fake documents in schools across the state.The case came to light after an FIR was lodged against Shukla for allegedly withdrawing over Rs 1 crore as salary for over a year from 25 different schools.

Source: HindustanTimes

Jul 02, 2020

The State Vigilance Bureau has booked 14 officials of the Fisheries Department, including three then Deputy Directors and one present Deputy Director, and two universities, one in Tamil Nadu and another in Rajasthan, in a fake MSc (zoology) degree scam

The officials had tried to take the benefit of fake degrees for promotion.

The FIR, registered on June 23, said as per the rules of the UGC and the Distance Education Council, courses through the distance education mode could be provided on the university campus only, and if they were being run outside the premises then permission had to be taken from the Central government.

Read Also:- Fake Education Certificates – You are at Risk of Hiring a Fraudster

Also, a candidate has to attend a personal conduct programme and practical classes for at least 20 days annually, but none of the officials had taken that much leave from the department, the FIR stated.

Neither they submitted a migration certificate nor the accused universities demanded.

These officials, as per the FIR, admitted to have attended the personal conduct programme and practical classes in the regional centres run by these universities in different districts of Haryana and had taken exams in designated centres of the universities. They claimed that they had attended classes either on Saturday or Sunday or declared holidays. The investigation, however, brought to the fore that most of them had taken a leave of four to seven days during exams only and some even didn’t take that.

A Deputy Director-ranked official told the Vigilance Bureau that he took the exam at the Tamil Nadu campus, which was termed false as no such long leave was taken. Some didn’t take permission before pursuing the course from the department but took the post-facto approval.

To hide the irregularities, the universities told the Vigilance Bureau that the officials had attended the personal conduct programme and practical classes on their campus. They had also claimed that the regional centres in different districts of Haryana were just their information centres.

The racket had continued from 2004 to 2015 in the Fisheries Department.

Fisheries Director had told the Vigilance Bureau in 2018 that none of the officials were granted the benefit of promotion based on these degrees.

The FIR has been registered for an attempt to cheat, using fake document as genuine and for giving false certificate.

Source: Tribune India

Jun 22, 2020

The ED booked a private firm and its directors for defrauding Aditya Birla Finance Limited of Rs 8.6 crore by creating shell companies and forging documents.

The Enforcement Directorate (ED) has filed a chargesheet against a private firm and its directors for defrauding Aditya Birla Finance Limited of Rs 8.6 crore by creating shell companies and forging documents.

The chargesheet under the Prevention of Money Laundering Act has been filed against Arvind Casting Private Limited, Arvind Trade Links Private Limited, its directors - Arvinder Singh Gorwara, Daljit Kaur Gorwara, Amrinder Singh Gorwara, Sahil Gorwara and Parminder Singh.

The financial probe agency had initiated its money-laundering investigation on October 19, 2016 on the basis of an FIR registered by the Himachal Pradesh State Police for cheating and defrauding Aditya Birla Finance Limited to the tune of Rs 8.6 crore.

The probe by the ED, according to sources, revealed that the accused companies and their directors intentionally prepared forged documents. These included balance sheets, invoices and lorry receipts. The documents were submitted before Aditya Birla Finance Limited and loan was availed illegally.

“It was found that most of the loan amount (approximately Rs. 7.95 crore) was siphoned off by transferring to various fake firms and by cash withdrawal. Accused Parminder Singh in connivance with Amrinder Singh Gorwara created many fake and forged firms and the loan money was transferred to the accounts of his fake and forged firms without doing any actual business and that firms exist only on papers,” said the ED.

The chargesheet has been filed against the accused before the designated court.

The probe agency had earlier identified movable and immovable properties belonging to accused worth Rs 3.56 crore which has been attached.

Source: IndiaToday

Apr 01, 2020

The Allahabad High Court on Wednesday directed Dr. Bhimrao Ambedkar University to take appropriate steps against the 814 persons who have obtained employment as Assistant Teachers on the basis of alleged B.Ed. Degree shown to have been issued by the University.

The petitioners are Assistant Teachers who have obtained employment as Assistant Teachers on the basis of alleged B.Ed. Degree – 2005 shown to have been issued by the respondent Dr. Bhimrao Ambedkar University, Agra. Subsequently, their degree/mark sheets were found to be fake or tampered. Special Investigation Team (SIT) was constituted under the Orders of the High Court. The SIT submitted its report giving details of fake degrees/marksheets and tampered degrees/marksheet.

Thereafter, the District Basic Education Officers issued notices to the petitioners requiring them to show cause as to why their appointments be not cancelled on the ground of their B.Ed. Degrees/marksheets to be fake or tampered. Thereafter the impugned orders cancelling the appointments of the petitioners were passed.

Subsequently, the respondent Dr. Bhimrao Ambedkar University, Agra also issued notices to all the students having fake B.Ed.Degrees/marksheets and those having tampered degrees/marksheets.

Read Also:-Fake Education Certificates – You are at Risk of Hiring a Fraudster

These notices were published on official website of theUniversity as well as in several largely circulated daily newspapers, including “Amar Ujala” (Hindi) and “Times of India” (English).

The respondent University took decision declaring 2,823 students to be fake students who managed to procure fake B.Ed. degrees. The matter of remaining 814 students is under consideration of the University who have submitted their representations either with complete or incomplete information.

In another batch of writ petitions the petitioners have challenged the orders passed by District Basic Education Officers cancelling the appointments of the petitioners or holding the appointments to be void ab initio on the ground that these were obtained on the basis of fake B.Ed.Degrees or on the basis of tampered B.Ed. Marksheets. None of the petitioners have challenged the order passed by the respondent University declaring 2,823 persons to be fake students. None of the petitioners have filed any amendment application to amend the pleadings and / or to challenge the aforesaid order of the respondent – University.

Petitioners’ Counsel said that Marks sheet issued to petitioners bears the note that the marks register will be final in case there is discrepancy between the marks sheet issued and marks register of the University, also the University has proceeded merely on the basis of report of SIT and declared 2823 students as fake merely because these students could not submit reply. Therefore, the order of University to declare the petitioners as fake is wholly unjustified and no notice was issued by the University to students before declaring them as fake by order.

“University has merely presumed that since the name of the petitioners are not mentioned in the mark register and, therefore, such students are fake.Mark register or tabulation register is a final paper. Therefore, the University should have first determined whether petitioners’ name appears in the marks register and if it does not appear, only then matter can be further inquired, to find out whether there is any manipulation”, said the petitioner’s counsel.

The Additional Advocate General for the State Government said that Appointment of petitioners have been cancelled in accordance with law. They lacked basic educational qualification. Their B.Ed.Degrees has been found to be fake or tampered. Therefore, their appointments have been lawfully cancelled after affording opportunity of hearing. Disciplinary proceeding as per U.P. Basic Educational Staff Rules,1973 and U.P. Government Servant (Discipline and Appeal) Rules,1999 is not required to be initiated.

“The SIT, during the investigation; recovered 8899 award foils (mark foils). These award foils related to all 82 affiliated colleges. On verification of tabulation chart with mark foils, tampering was found with respect to 1053 students, whereby originally secured 2nd and 3rd Division marks were raised to 80% to 82% and thus by tampering 1st Division was shown. The University has initiated appropriate proceeding in matters of tampered marksheets, which are pending disposal”, said the counsel appearing for Dr. Bhimrao Ambedkar University.

Acting upon the petition, the single judge bench of Justice Surya Prakash Kesharwani, held that the petitioners falling under the list of fake students, have obtained government employment on the postof assistant teachers, on the basis of fake B.Ed. Degrees.

This was a fraudulent act. It is settled law that fraud andjustice never dwell together. The forgery is in the basiceligibility conditions for appointments on the post ofassistant teachers inasmuch as B.Ed. Degrees are fake.Consequently, these appointments are NULL and VOID.

Therefore, the process of appointments of the petitioners who obtained government employment on the basis of fake B.Ed. Degrees, stands vitiated. Allahabad High Court also directed Respondent- Dr. Bhimrao Ambedkar University to take appropriate decision, in the matter of the aforesaid 814 persons falling in the list of fake students.

Source: IndiaLegaLlive

Mar 16, 2020

The police have arrested Munish Goyal, assistant registrar, working with Manav Bharti University, in the fake degree scam where thousands of degrees of various professional courses had been sold off in the last several years.

Inspector-General (south) Asif Jalal said Goyal was arrested last night from Mohali. Efforts were afoot to arrest the other culprits, including Vice-Chancellor Rajkumar Rana.

The Inspector-General said massive documentary evidence in the form of diaries containing details of money amounting to crores received from candidates in lieu of fake degrees has been found on the university premises and investigations were still continuing.

Investigations also revealed how the staff were acting as agents to look for candidates who wanted to buy fake degrees in various professional course like B Pharmacy, LLB, MBA, etc. The manner in which heaps of unchecked answer sheets, unauthorised degrees and other such documents have been found by the police points towards the large-scale nefarious fake degree operations.

Amid registration of a case of cheating and forgery having been against the management of Manav Bharti University, the students who were studying there today requested the state government to migrate them to a government university in respective courses.

Students said the degree obtained from the university has become questionable as no company will provide them placements after completion of their course.

They demanded that the state government should think about their future so that they can be accommodated in government institutes well in time so that their future is secure.

Source: TribuneIndia

Nov 07, 2019

Mutual fund distributors who want to undertake Aadhaar authentication services through KUAs (KYC User Agency) should enter into an agreement with the KUA. They should also get themselves registered with UIDAI as sub-KUAs.

The Securities and Exchange Board of India has issued a circular regarding the process to be followed for Aadhaar based electronic KYC exercise for domestic investors. According to the circular, direct investors can simply go to the AMC’s website and use Aadhaar to do the e-kyc process. However, mutual fund distributors who want to undertake Aadhaar authentication services through KUAs (KYC User Agency) should enter into an agreement with the KUA. They should also get themselves registered with UIDAI as sub-KUAs.

“This is definitely going to make life easier for a lot of retail investors, especially young investors. Many young, new investors are wary of the offline paperwork and are comfortable with digital kyc processes,” says Vishal Dhawan, Founder, Plan Ahead Wealth Advisors, a Mumbai-based wealth management firm.

Sebi cited the circular by the Department of Revenue, Ministry of Finance, issued on 9 May on procedure for processing of applications under section 11A of the Prevention of Money Laundering Act, 2002(“PMLA”), for use of Aadhaar authentication services by entities other than the banking companies. The use of Aadhaar-based KYC had stopped after the Supreme Court, in its judgement in September,2018, struck down Section 57 of the Aadhaar Act as unconstitutional. As a result of the judgement, no company or private entity can seek Aadhaar identification from clients or investors.

Mutual fund advisors say the re-introduction of Addhar based digital verification would draw many young investors to mutual funds. Advisors say many young investors change their decisions to invest in mutual funds when they face some trouble with offline procedures. "We have seen people in their 20s decide against investing in the one week that their application takes to get processed. The ‘inconvenience' of filling forms, taking out time, paperwork is a hindrance for them,” says Vishal Dhawan. 

However, there are many investors who are still not ready to move to the online mode because they are sceptial about the security online. For them central-kyc and physical verification is a better way of doing things. Mutual fund advisors also say that senior citizens, retired investors, investors who are not tech savvy still prefer the offline mode more than the online kyc. “There are investors who don’t even use net banking. They are not comfortable giving away their Aadhaar details etc to anyone. For them copies attested saying- for KYC purpose is their safety measure against data leaks and theft. So, this decision is not important to them,” says Rituparna Das, head of operations, Dilzer Consultants.

Sebi has given clear instructions on how retail investors and distributors can approach the new e-kyc. Here are the points that you should know.

  1. If you are investing in a mutual fund scheme directly through the website of the mutual fund house, you can just go to the website, put in your Aadhaar number and complete your KYC by putting in some details and the OTP that comes on your registered mobile number. Sebi has directed the AMCs to not store the Aadhaar number in the databases of the company.
  2. If you are investing via a mutual fund platform, it needs to be either a KUA (KYC Using Agency) or the SEBI registered intermediary which is also a Sub-KUA for you to use the eKYC facility.
  3. If you are investing via a mutual fund distributor or appointed person for e-KYC through Aadhaar. The Sebi-registered distributors will perform e-KYC using registered devices with KUAs. Investor will enter Aadhaar number and biometric and provides consent on the registered device

Source: EconomicTimes

Nov 01, 2019

The forensic audit conducted by KPMG has revealed alleged routing of at least Rs 20,000 crore by DHFL to several shell companies. But it did not specifically look into any links with Mirchi and Dawood.

MUMBAI: Lenders to Dewan Housing Finance (DHFL NSE 4.87 % ) are set to expand the purview of a forensic audit to include its business dealings with companies allegedly linked to gangsters Iqbal Mirchi and Dawood Ibrahim Kaskar, two people familiar with the matter said.

The forensic audit conducted by KPMG has revealed alleged routing of at least Rs 20,000 crore by DHFL to several shell companies. But it did not specifically look into any links with Mirchi and Dawood. “Now that allegations of DHFL’s links to the underworld have surfaced, there is no other alternative but to investigate these transactions and widen the scope of the forensic audit,” said an official involved in the discussions.

DHFL and State Bank of India, which has the largest exposure to the mortgage lender, did not respond to ET emails seeking comment until press time Wednesday. KPMG declined to comment. The Enforcement Directorate is probing DHFL’s alleged links with Sunblink Real Estate, through which money was allegedly laundered and routed to Dubai at the behest of Mirchi.

DHFL chairman Kapil Wadhawan and his brother Dheeraj were recently questioned by the ED over Rs 2,186 crore loans given by the mortgage lender to the realty firm. ET had earlier reported that while the ED had not named DHFL as the NBFC in question, Sunblink’s accounts for 2010 indicated that it had received ?22 crore as loans from the Mumbai-based firm during the year.

The latest round of allegations against DHFL may also put the resolution plan for the company under jeopardy and lead to the account becoming a non-performing asset, as bankers are a worried lot and don’t want to sign on the dotted line as the company is under a multi-agency probe.

“Every day brings with it fresh rounds of accusations which are levelled against DHFL promoters. How can bankers take a material decision on restructuring the loan when there are issues related to alleged siphoning funds by promoters?” asked an official. A draft KPMG forensic audit report had showed DHFL disbursed loans and advances to inter-connected entities that appeared to be linked to its promoters.

It also claimed that about 25 group companies to which DHFL had lent a total of Rs 14,000 crore had an average profit of about Rs 1 lakh, raising doubts that the management might have siphoned off funds. Union Bank of India appointed KPMG to carry out a special review of DHFL for April 2015 to March 2019. The company had total loans and advances of Rs 97,977 crore at Marchend. Financial lenders are working on a resolution plan submitted by DHFL that involves converting debt into equity. While banks and NBFCs have signed the proposed resolution, some mutual funds have stayed away.


Oct 28, 2019

The Telecom Regulatory Authority of India (Trai) has introduced a lot of new and revamped rules in sectors like DTH, broadcasting, and telecom. It is notable that in the last few months, Trai has made a considerable amount of alterations to make life easier for cable and DTH subscribers and service providers both.

In the latest announcement, Trai has proposed some new guidelines related to Set-Top-Boxes for DTH and cable TV operators and service providers.

According to the new recommendations DTH service provides have to conduct the Know-Your-Customer (KYC) process for the subscribers. The organisation has made it mandate for everyone. DTH subscribers from Airtel Digital TV, Dish TV, Tata Sky, D2h and Sun Direct will be eected from the new recommendation.

According to Telecom Talk report, last year the Ministry of Information and Broadcasting (MIB) have written a reference letter to Trai recommending the addition of KYC for Set-Top-Boxes. The KYC process will allow operators to verify the customers before installation.

To complete the suggestion procedure, Trai circulated a consultation paper in the public domain to note remarks and counter remarks. After this Trai has also conducted an open house discussion on the topic after which the decision for making KYC of Set-Top Boxes was made.

According to the report, all the DTH operators have to conduct the verication before the installation of new DTH at the subscriber's house. The address which is provided on the application form for DTH services has to be veried.

A company representative will be the authorised person to do the verication. To verify the customer, Trai has also recommended the use of OTP or by a valid identity card. The DTH representative will be able to start the setup process only after the successful verication.

So this is the new regulation which is going to be implemented soon and all the DTH service provides has to follow this.

Source: Gizbot